Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

First Majestic Silver Corp C.AG.UN


Primary Symbol: T.AG Alternate Symbol(s):  AG

First Majestic Silver Corp. is a mining company. It is focused on silver and gold production in Mexico and the United States. It owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine, and a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. It also owns and operates its own minting facility, First Mint, LLC, and offers a portion of its silver production for sale to the public. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico and consists of 71,868 hectares of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon.


TSX:AG - Post by User

Bullboard Posts
Post by merriamon Oct 18, 2008 1:01am
1082 Views
Post# 15533205

Antitrust background

Antitrust backgroundThe following is provided for research only. The quotations below may contain unproven allegations or unintentional errors and as such should not be relied upon. Without independent verification, nothing below should be used to form opinions or characterizations of the individuals or companies mentioned, and nothing below should be used for an investment or business purpose or, indeed, for any purpose whatsoever.

https://www.voluntarytrade.org/joomla15/index.php/docs/doc_download/51-class-action-complaint-2008

"The DOJ Investigation follows a complaint made to Canada's Competition Bureau ("Bureau") by Jerry Antoniuk, owner of Polar Ice, an Edmonton, Canada Packaged Ice manufacturer. Antoniuk complained to the Bureau and brought a civil antitrust suit against Arctic Glacier alleging that Arctic Glacier engaged in strong-arm tactics in the Edmonton geographic area, including "muscling," bribing, and offering kickbacks to Polar Ice's customers."

https://www.corpwatch.org/article.php?id=15154
"Mr. McNulty, 45 years old, told investigators he was fired by Arctic Glacier in 2005, after the company acquired Party Time Ice, of Port Huron, Mich., because he refused to participate in the price-fixing conspiracy.... Mr. McNulty said that he provided prosecutors with evidence of a secret agreement by the companies to divide up big customers and stay out of each others' sales regions. Such market-allocation agreements, if proved in court, are criminal and often bring stiff fines and imprisonment."


https://www.freep.com/apps/pbcs.dll/article?AID=/20080814/NEWS06/808140378

"It said an Arctic Ice executive had promised McNulty that he'd be Arctic's next vice president of sales.

In the months that followed, the suit said, McNulty discovered in conversations with his bosses that the three companies had colluded in setting up territories. When he refused to take part in the scheme, he was fired, the suit said. When they learned that he was considering going to the federal government, they allegedly offered to rehire him at more than twice his previous salary provided he not cooperate with the government, the suit said.

But he said he rejected the offer and contacted the Justice Department in May 2005. At the FBI's behest, he recorded conversations in which ice company executives made incriminating statements about the scheme, the suit said."


https://cpglitigation.googlepages.com/20080723Complaintfile-stamped.pdf

"Mr. McNulty questioned Mr. [--------] about the details of the market allocation agreement between Arctic Glacier and Home City. Mr. [--------] explained that Arctic Glacier had a_ with both Home City and Reddy Ice to geographically divide the market for the sale and delivery of packaged ice. Mr. [--------] further explained that he bad recently flown to Cincinnati to meet with Home City executives to discuss a dispute regarding which competitor would control coMm stores located in a specific geography.

36. Mr. [--------] also explained that Arctic Glacier’s conspiracy with Reddy Ice extended throughout the United States. For instance, according to Mr. [--------], Arctic Glacier had “backed away” from buying an ice company in Nevada so that Arctic Glacier and Reddy Ice would not be in direct competition. Mr. [-------- ]explained that Arctic Glacier’s agreement not to enter the South and Southwest (a geography dominated by Reddy Ice) enabled Reddy Ice to “get their prIces up;’ and Reddy Ice’s agreement to stay out of the Midwest and Canada enabled Arctic Glacier to do the same. Mr. [--------] described Reddy Ice as “good competition.’"

Bullboard Posts